Manchester United are one of the most successful football clubs in the world and they certainly do not seem to be worried about the spiralling debts.
In a recent interview given by the Chief Executive David Gill, Manchester United may have significant debts due to the purchase made by the Glazer family in 2005, but they have enough income in the form of TV revenue and various other venues to service the debt. Recently, Manchester United managed to bring down their debts – that were in the region of almost £ 1 billion – to just around £ 500 million.
UEFA will be introducing the FairPlay regulation rules from 2013 onwards, which will demand clubs to make only around £ 35 million of losses over a three-year period. David Gill believes that Manchester United will be able to comfortably meet this requirement by UEFA.
David Gill also said that it is the structure of the Premier league that makes English football extremely competitive when compared with other leagues across the world like Spain. For example, he quoted the fact that Manchester United received only £ 60 million for winning the Premier league title last season, while the bottom team received a £ 40 million. This gap is much more profound in Spain.